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Benefits for owner-customers as policyholders

As an owner-customer of the OP cooperative bank, you are entitled to substantial discounts on your policies and many other benefits.

Discounts and benefits on insurance policies

As an owner-customer with policies from three different product groups, you get

  • A discount of almost 18% on Super, Standard or Maxi Motor Insurance.
  • Nearly 10% off home and other property insurance, personal insurance and continuous travel insurance.
  • As an insurance customer of 18 to 27 years of age, instead of the above-mentioned discounts, you get a 21% discount on almost all insurance policies for home and family as well as comprehensive motor vehicle insurance with bonus entitlement.

Regardless of the number of your policies as an owner-customer, you will also get

  • a free-of-charge 40% increase on the insured sum of your life insurance.
  • An up to EUR 200 deductible benefit with regard to certain damages covered by your MyHome insurance.

The insurance product groups are home and other property insurance (including valuable, forest, boat and animal Insurance), motor liability insurance, motor vehicle insurance, continuous travel insurance and personal insurance. Please note that once you have insured your vehicle with motor liability insurance and comprehensive motor vehicle insurance, you already have policies from two individual product groups. In addition, if you are an owner-customer aged 70 or above, you get discounts on only two policies, such as home or motor vehicle insurance.

Other benefits

Regardless of the scale of your customer relationship or the number of your policies, we also offer you the following benefits:

  • A free-of-charge NewLife insurance for the parents of children under the age of 1.
  • A permanent discount of 5% on a life policy bought online.
  • A 2.5% discount in case you pay your insurance bill in one instalment.
  • Separately purchased continuous travel insurance valid until you reach the age of 100.

For more information on benefits, see the bottom of the page.

How insurance discounts are determined

The insurance discounts are determined on the basis of your customer relationship and the total number of your policies. When you have policies from three different product groups, you will get:

  • A total of 7% off home and other property insurance, personal insurance, continuous travel insurance and comprehensive motor vehicle insurance policies.
  • An extra discount of 8% on Super, Standard and Maxi Motor Insurance.

As an owner-customer, you will get a further 3% off most insurance policies. Please note that an owner-customer’s 3% extra discount cannot be combined with a young insurance customer’s 21% discount.

Insurance policy product groups are:

  • home and other property insurance (including valuable, forest, boat and animal insurance policies, etc.)
  • motor liability insurance
  • motor vehicle insurance
  • continuous travel insurance
  • personal insurance.

As an insurance customer of 18 to 27 years of age, instead of the above-mentioned discounts, you get a 21% discount on almost all insurance policies for home and family, including comprehensive motor vehicle insurance policies with bonus entitlement.

If you are an owner-customer aged 70 or above, you are entitled to discounts on only two policies, such as home and health insurance.

One-year, free-of-charge life insurance for parents with a child under one year of age

This NewLife insurance is intended for parents with children aged less than one year, in which life insurance cover amounts to 20,000 euros/parent You can take out the policy soon after the baby is born until the child turns 1 year. The policy does not require completing a health declaration form.  The insurance takes effect on the date when the parent applies for the insurance and is free of charge from that date. The insurance is issued by OP Life Assurance Company Ltd.

Benefit from life insurance

Increasing the sum insured of life insurance by 40% is free of charge. The rate of the increase will be confirmed every year and is valid for one year at a time (the insurance is issued by OP Life Assurance Company Ltd).

Life insurance will help your loved ones financially if you die due to illness or injury. When determining compensation, we will pay your beneficiaries compensation with a 40% increase. For example, if the benefit to be paid under life insurance is 20,000 euros, we will pay your beneficiaries 28,000 euros. You can take out life insurance either as single or joint cover with your loved one.

Deductible benefit
You are entitled to a deductible benefit of up to 200 euros under MyHome Insurance. In case of loss or damage, you will not pay any deductible. This benefit concerns fire, natural phenomenon and crime losses in which the amount of loss exceeds the deductible you have chosen.
Omistaja-asiakas saa etuja pankkiasioinnistaan ja asionti sujuu helposti vaikka kotisohvalla.

Daily banking services 45% off?

For an owner-customer benefits are everyday life. You get a current account, OP eServices and OP-Visa card at low cost!

Omistaja-asiakas edut säästämisestä

See benefits for savers and investors!

Owner-customers get value-for-money benefits from stock trading charges, funds and investor services. See your benefits!